GDP$24.6BCURRENT US$Rnk 109 / 186 GDP GROWTH49.2%CURRENT US$Rnk 64 / 186
GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186 GDP PC $6,628CURRENT US$Rnk 99 / 186GDP PC GROWTH49.9%CURRENT US$Rnk 36 / 186GDP PC$2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186In N/A, Georgia did not export any services to Laos.
Laos-Georgia In N/A, Laos did not export any products to Georgia.
In N/A, Laos did not export any services to Georgia.
Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).
This map shows whether countries import more from Georgia or Laos. Each country is colored based on the difference in imports they receive from Georgia and Laos or the difference in the growth in imports.
In 2022, countries that imported more from Georgia than Laos included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).
In 2022, countries that imported more from Laos than Georgia included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).
) and Georgia () (2022)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Georgia and Laos. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Georgia.
) and Laos () (2022)
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